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TiVo Hits 1M Mark

11/04/2003 5:49 AM Eastern

Digital-video-recorder vendor TiVo Inc. passed the 1 million-subscription mark Tuesday.

"Reaching 1 million subscriptions is a major milestone for our company," CEO Michael Ramsay said in a release.

"Thanks to the increased growth of both our stand-alone subscriptions and, especially, growth with [direct-broadcast satellite provider] DirecTV [Inc.], we have reached this milestone ahead of plan," he added. "We expect this momentum to continue and look forward to the biggest holiday season ever for TiVo."

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